Bank of Montreal Portfolio holdings
Bank of Montreal (BMO), established in 1817 as Canada’s first chartered bank and headquartered in Montreal, Quebec (with key operations in Toronto), is a major North American financial institution offering personal and commercial banking, wealth management, and capital markets services. Managing hundreds of billions in assets, BMO serves over 13 million customers, with a strong U.S. presence through BMO Harris Bank, bolstered by its 1984 acquisition of Harris Bank and the 2022 purchase of Bank of the West, expanding its footprint to 32 states. Known for its longevity and stability, BMO has paid dividends since 1829, one of the longest streaks globally, and emphasizes digital innovation and sustainable finance under CEO Darryl White. With a global reach spanning North America, Europe, and Asia, BMO blends its historical roots with a modern focus on customer-centric growth.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.05B |
| 2 |
Scotiabank
BNS
|
+$748M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$737M |
| 4 |
Amazon
AMZN
|
+$610M |
| 5 |
Meta Platforms (Facebook)
META
|
+$568M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$436M |
| 2 |
iShares Core MSCI EAFE ETF
IEFA
|
+$325M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$260M |
| 4 |
Mastercard
MA
|
+$233M |
| 5 |
Citigroup
C
|
+$212M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 25.32% |
| 2 | Consumer Discretionary | 17.73% |
| 3 | Financials | 14.01% |
| 4 | Technology | 12.46% |
| 5 | Miscellaneous | 11.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
2926
CryoPort
CYRX
$879M
| $282K | ﹤0.01% |
+12,707
| New | +$260K |
2023 Q2
0 quarters
|
|
|
JPI
2927
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
| $281K | ﹤0.01% |
15,723
| – | – |
2023 Q1
1 quarter
|
|
2928
FS Bancorp
FSBW
$346M
| $281K | ﹤0.01% |
+9,022
| New | +$265K |
2023 Q2
0 quarters
|
|
2929
Vanguard Consumer Staples ETF
VDC
$7.46B
| $281K | ﹤0.01% |
1,434
-50
| -3% | -$9.77K |
2013 Q2
40 quarters
|
|
2930
Cohu
COHU
$3.33B
| $280K | ﹤0.01% |
6,716
-788
| -11% | -$29.1K |
2023 Q1
1 quarter
|
|
2931
CorVel
CRVL
$3.77B
| $280K | ﹤0.01% |
4,218
-183
| -4% | -$12.2K |
2023 Q1
1 quarter
|
|
2932
Airgain
AIRG
$55.7M
| $280K | ﹤0.01% |
+48,963
| New | +$274K |
2023 Q2
0 quarters
|
|
2933
LendingTree
TREE
$345M
| $279K | ﹤0.01% |
+12,378
| New | +$264K |
2023 Q2
0 quarters
|
|
2934
Outfront Media
OUT
$4.94B
| $279K | ﹤0.01% |
17,998
-226,405
| -93% | -$3.41M |
2022 Q3
3 quarters
|
|
2935
iShares US Energy ETF
IYE
$1.68B
| $278K | ﹤0.01% |
6,489
-25,625
| -80% | -$1.1M |
2013 Q2
40 quarters
|
|
2936
Supernus Pharmaceuticals
SUPN
$2.46B
| $278K | ﹤0.01% |
8,241
-105
| -1% | -$3.67K |
2015 Q2
32 quarters
|
|
2937
NMI Holdings
NMIH
$2.86B
| $277K | ﹤0.01% |
10,647
-2,740
| -20% | -$66.4K |
2015 Q4
30 quarters
|
|
2938
Horizon Kinetics Inflation Beneficiaries ETF
INFL
$1.52B
| $277K | ﹤0.01% |
+8,964
| New | +$274K |
2023 Q2
0 quarters
|
|
2939
Unifirst Corp
UNF
$4.56B
| $277K | ﹤0.01% |
1,574
-699
| -31% | -$118K |
2013 Q2
40 quarters
|
|
2940
First United
FUNC
$283M
| $277K | ﹤0.01% |
+17,423
| New | +$257K |
2023 Q2
0 quarters
|
|
2941
ALPS Strategic Income Fund
RIGS
$58.2M
| $277K | ﹤0.01% |
+12,138
| New | +$277K |
2023 Q2
0 quarters
|
|
2942
American Eagle Outfitters
AEO
$3.01B
| $277K | ﹤0.01% |
23,199
-16,114
| -41% | -$201K |
2013 Q2
40 quarters
|
|
2943
Deluxe
DLX
$1.05B
| $276K | ﹤0.01% |
15,804
+2,312
| +17% | +$36.3K |
2022 Q4
2 quarters
|
|
|
ARI
2944
PUT
Apollo Commercial Real Estate
ARI
$807M
| $276K | ﹤0.01% |
24,400
+4,300
| +21% | +$43.4K |
2023 Q1
1 quarter
|
|
2945
NewMarket
NEU
$8.47B
| $276K | ﹤0.01% |
676
-198
| -23% | -$77.2K |
2021 Q3
7 quarters
|
|
|
NVTA
2946
DELISTED
Invitae Corporation
NVTA
| $276K | ﹤0.01% |
220,418
+45,056
| +26% | +$56.8K |
2023 Q1
1 quarter
|
|
2947
Northern Trust iBoxx 3-Year Target Duration TIPS ETF
TDTT
$2.5B
| $275K | ﹤0.01% |
11,584
-1,375
| -11% | -$32.8K |
2021 Q2
8 quarters
|
|
2948
Chewy
CHWY
$7.12B
| $275K | ﹤0.01% |
+6,916
| New | +$241K |
2023 Q2
0 quarters
|
|
2949
ProShares Hedge Replication ETF
HDG
$22.4M
| $275K | ﹤0.01% |
5,666
+2,296
| +68% | +$110K |
2022 Q4
2 quarters
|
|
2950
Teucrium Agricultural Strategy No K-1 ETF
TILL
$51.3M
| $273K | ﹤0.01% |
+7,124
| New | +$248K |
2023 Q2
0 quarters
|
|
Similar funds
Bank of Montreal's Q2 2023 Portfolio in Review
As of Q2 2023, Bank of Montreal held 4,470 positions worth $289B, up 16% from $250B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Bank of Montreal deployed $9.84B of net new capital in Q2 2023, opening 724 new positions and adding to 1,307 existing holdings. Its largest new stake was Kenvue: 2,879,315 shares worth $73.8M.
By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $436M trimmed.
- Bank of Montreal's largest Q2 2023 buy was Kenvue: 2,879,315 shares worth $73.8M.
- Bank of Montreal added most to Apple in Q2 2023, an estimated $1.05B increase.
- Bank of Montreal's biggest Q2 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $436M.
- Bank of Montreal fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $206M.
- Bank of Montreal's ten largest holdings make up 52% of its $289B portfolio in Q2 2023.
- Bank of Montreal opened 724 new positions and closed 534 in Q2 2023.
- Bank of Montreal's portfolio value rose 16% quarter-over-quarter to $289B.
Based on Bank of Montreal's 13F filing for Q2 2023, filed 2 Aug 2023.